Bank of Montreal (TSE:BMO) (NYSE:BMO) – Equities researchers at Desjardins issued their Q1 2019 EPS estimates for shares of Bank of Montreal in a research report issued on Tuesday, December 4th. Desjardins analyst D. Young expects that the bank will post earnings of $2.37 per share for the quarter. Desjardins also issued estimates for Bank of Montreal’s Q2 2019 earnings at $2.35 EPS, Q3 2019 earnings at $2.45 EPS, FY2019 earnings at $9.55 EPS and FY2020 earnings at $10.15 EPS.

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Several other brokerages also recently weighed in on BMO. National Bank Financial lifted their target price on Bank of Montreal from C$108.00 to C$115.00 and gave the company an “outperform” rating in a research note on Wednesday, August 29th. Royal Bank of Canada lifted their target price on Bank of Montreal from C$124.00 to C$126.00 and gave the company an “outperform” rating in a research note on Wednesday, August 29th. Canaccord Genuity upgraded Bank of Montreal from a “hold” rating to a “buy” rating and lifted their target price for the company from C$111.00 to C$118.00 in a research note on Wednesday, August 29th. CIBC lifted their target price on Bank of Montreal from C$109.00 to C$111.00 in a research note on Wednesday, August 29th. Finally, Eight Capital lifted their target price on Bank of Montreal from C$119.00 to C$124.00 in a research note on Wednesday, August 29th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of C$112.27.

Shares of BMO stock opened at C$93.90 on Thursday. Bank of Montreal has a twelve month low of C$92.64 and a twelve month high of C$109.00.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 26th. Shareholders of record on Friday, February 1st will be paid a $1.00 dividend. This is an increase from Bank of Montreal’s previous quarterly dividend of $0.96. This represents a $4.00 annualized dividend and a dividend yield of 4.26%. The ex-dividend date of this dividend is Thursday, January 31st. Bank of Montreal’s dividend payout ratio (DPR) is 50.28%.

In related news, insider Jean-Michel Ares sold 57,356 shares of Bank of Montreal stock in a transaction that occurred on Friday, September 21st. The stock was sold at an average price of C$108.46, for a total value of C$6,220,831.76.